Register

What happens when a good is inelastic?

What happens when a good is inelastic?
asked 88.7k views
3 votes
What happens when a good is inelastic?

asked
User DeBorges
by
7.4k points

1 Answer

4 votes
when the price of a good or service goes up, consumers' buying habits stay about the same, and when the price goes down, consumers' buying habits also remain unchanged.
answered
User Erazihel
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!